Mortgage Rates

The chart below shows mortgage rates for the most common loan programs available.  These rates are intended to be used as a monitoring tool and represent the general level of interest rates for the loan programs listed.  Because mortgage rates are subject to Agency Loan Level Price Adjustments (LLPA), the rates shown may be somewhat higher or lower than for any specific mortgage scenario.  These price adjustments are set by the Agencies (Fannie Mae, Freddie Mac, or HUD) that securitize or insure the mortgage. Some common LLPA parameters that impact mortgage rates include:  loan purpose, property type, percent of down payment, credit score, intended occupancy/use of the property, and loan fees due at closing.

If you are interested in a rate quote for your specific scenario I am here to help.

The rates shown are from three separate surveys.  The top section and graph are from a daily survey published by a private vendor specializing in mortgage market data.  The middle section is the Freddie Mac Primary Mortgage Market Survey which is published each Thursday using data collected over the previous Monday and Tuesday.  This means that the data is slightly out of date when published.  The bottom section is the HFHA survey which is published each month and is the least timely.  The data from these surveys are very useful in understanding the general level and trend direction for mortgage interest rates and provide an excellent historical record for reference.

I also make frequent mortgage market updates via Twitter @davidpemberton.  These posts are also shown on at the bottom each page on this website.  Periodically, I write a more in depth mortgage rate update and commentary by e-mail.  If you wish to join the distribution please sign up by clicking here: Join Rate Update Distribution.